From what I am taking away from this presentation, 'investors' like myself who purchased their shares straight after the company listed on the ASX, have little hope to reduce their substantial (paper) losses in the foreseeable future. As I expected, my own questions were not read out or answered. It appears to me that the current CEO lives in a self-feeding bubble, repeating over and over that the SP bottom has now been reached. Something I heard during the last webinar when the share price was significantly higher. The previous CEO and current PMT director has retreated to his Gold Coast abode and in my opinion being paid for doing very little. My expectation is that the company will relatively soon approach 'sophisticated investors' with a 10 cents per share offer, to in large part maintain financing the substantial management remuneration schemes. I am now down close to a million Australian dollars with this investment scheme and if I had my time again, things would be very different.
PMT Price at posting:
24.8¢ Sentiment: Sell Disclosure: Held
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(20min delay)